AmTrust International has acquired Wakam, a B2B2C insurer operating across Europe and the UK, it said on 26 October 2026. Financial terms were not disclosed.
Why AmTrust International (AmTrust Financial Services, Inc.) is buying Wakam (Wakam SA and Wakam UK)
AmTrust said Wakam's delegated underwriting model and MGA partnerships fit its approach and give it a platform to expand in Europe with a French presence, while complementing its UK business. It said the deal lets it move into new niche products and geographies.
“Joining AmTrust marks a meaningful new chapter for Wakam.”
Deal terms and financing
The acquisition covers Wakam and its two subsidiaries, Wakam SA and Wakam UK. AmTrust said Wakam is now fully capitalised and able to write new business and renew policies across its portfolio in all jurisdictions.
Regulatory approvals and timing
Insurance Business reported that France's ACPR had imposed a temporary ban on Wakam SA writing new business or renewing contracts on 25 September 2026, after a balance-sheet remediation exercise led it to breach its solvency capital requirement.
Market context
Wakam designs white-label insurance products embedded in partners' customer journeys through its Play&Plug platform. AmTrust International specialises in property, mortgage and credit, warranty, professional lines, legal expenses and medical malpractice.
